Nortel Networks Sells Business Unit to Ericsson

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In the liquidation process, bankrupt Nortel Networks sold its multi-service switch business to Ericsson for $65 million. As reported on Local Tech Wire, Ericsson’s acquisition includes customer contracts, intellectual property, the switch business, an associated data packet network and the Shasta services edge router business.

“‘Substantially all MSS employees will have the opportunity to continue their employment with Ericsson, including those in certain EMEA [Europe, Middle East, Africa] jurisdictions who will transfer to Ericsson by operation of law,’ Nortel said.
The telecommunications gear maker once was one of the largest employers in RTP with more than 8,000 workers.”

Read the Full Story at Local Tech Wire

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